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| Hyatt Centric The Loop Chicago |
CHICAGO, IL – Holliday
Fenoglio Fowler, L.P. (HFF) announces the $110 million sale of Hyatt Centric The Loop Chicago, a
257-room, full-service hotel in the Central Loop area of Chicago, Illinois.
The HFF team marketed the
property on behalf of the seller, an affiliate of Murphy Development
Group. Deka Immobilien purchased the
asset.
Developed in 2015 by the
seller, the 22-story Art Deco Hyatt Centric The Loop Chicago features the AIRE
seasonal rooftop bar with panoramic city views, Cochon Volant restaurant and
bakery, The Corner cafe, 24-hour fitness center, 2,500 square feet of event
space, business center and pet-friendly accommodations.
Situated at 100 West
Monroe Street, the hotel is centrally located in Chicago’s Loop in the heart of
the financial district and within walking distance to transportation,
restaurants, shopping and entertainment.
The HFF investment sales
team representing the seller included senior managing directors Jaime Fink and Jeffrey Bramson, senior director Jeff Bucaro and associate Nicole
Aguiar.
“Jaime Fink and the HFF
team did an exceptional job in developing a unique structured transaction which
proved to successfully meet the business objectives of both buyer and seller,”
said John Murphy of Murphy
Development Group. “We are satisfied
with the results and look forward to our long-term engagement with Deka Bank.”
For more information on this press release, please
contact:
Kristen M. Murphy
Director, Public Relations
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 |
Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
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